Price is having resistance around the zone 1460 - 1466. Price have to sustain above the level to be bullish.
Buy above 1470 with the stop loss of 1458 for the targets 1482, 1496 and 1510.
Sell below 1450 with the stop loss of 1462 for the targets 1438, 1424 and 1408.
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Note : This...
DATE - 12th March 2024.
HDFC Bank has breakout today with good amount of candle size and volume too.
Applied Concepts
Chart P. - Inverted H&S
Positive Order Block from Daily Time Frame and Previous OB of Monthly TF as shown in chart.
Only OB is not a good option so here we have applied FVG (Fair Value Gap) also, Price Action has successfully reversed...
HDFC
I AM LOOKING FOR THE SWING TRADE IN THIS STOCK
it looks like stock has taken support and ready for cor the blast.
TP1 - 1520
TP2 - 1600
TP3 - 1690
TRADE AS PER YOUR RISK MANAGEMENT AND DO YOUR OWN ANALYSIS
There's a lot of narrative being played around HDFC ( break fds and put in HDFC, best stock of the decade etc ). Very naive way of thing. A quick view of the current levels
Post the major breakdown ( the red candle )
The yellow arrows show the bullish weeks, you can see a bullish pullback every alternate week almost.
The pink arrows show a bearish pullback...
HDFC Bank is at the tail end of D wave completion and could take support any time. And price is also at near next line breakout after inverted head and shoulder pattern. I do not see much downside further unless any major reason for more sell off. At key levels big players made vice decision to buy back or buy reliance at key support levels. so similar support and...
Bank is seen taking steps to reduce its employee cost and in chart pattern is indicating bullish pattern and price taking support with big range indicating bigger move on upside any time based on accumulation
HDFC results given some profit booking but chart pattern is holding to support line and side way indicating build up with big players. so far chart do not show any down trend in charts.
HDFC Bank is clear buy and getting ready for big moves on upside.
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
here 2 nd wave is flat correction.
It seems it has completed its 3rd wave
and fourth wave has ended at the center line of
the base channel.
4 th wave appears to be zigzag.
Up side targets are shown in the chart.
In the negative sentiment prevailing it is very tough to have positive side for hdfc bank.
stop loss is must here though it is nota trading...
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
HDFC Bank mostly will fall once support line is broken. NO analyst or Media giving actual view on HDFC Bank Q4 results because they all hold holdings and they want exit first and not guiding the public about poor results from HDFC Bank. I am expecting a bigger fall in this bank leading the BN and N to fall as per pending wave on down side.
